CM Private Wealth Group is based in Northbrook, Illinois
The changes apply to the bank's more senior employees, some of whom may see their salaries boosted by up to 20%
The change comes just two days after the original cost-cutting measure was unveiled
Selling the business could bring in more than $3 billion
"This is a loss of thousands of dollars," one adviser says
A 65-year-old Black executive in the bank's wealth and investment management arm filed a complaint after losing his job while on medical leave for cancer
The firm is also adding student-loan guidance for workplace wealth clients
Investing in technology seems to pay off, but greater staff support could help
The company has cut back on its recruiting efforts in recent years and instead focused on adviser productivity
Bank reported better-than-expected profits for the third quarter
Since Charlie Scharf became the bank's CEO, Buffett's Berkshire Hathaway has unloaded most of its stake in Wells
The wirehouse reports a net increase of 70 advisers during the summer, despite COVID-19
Staffers made 'false representations' when they applied for a coronavirus loan program, according to a Wells memo
The bank reported a year-over-year decline of 815 advisers, according to its earnings report released Wednesday morning
Bank takes customer remediation and restructuring charges to address old scandal
The longtime president of its institutional business is leaving the company, coinciding with its acquisition by Charles Schwab
Axel Weber denies reports that UBS is planning to merge with a rival
The Office of the Comptroller of the Currency cited shortcomings related to the decommissioning of data centers for the firm's wealth management unit
Gordon Witherspoon is going to the firm's Hunt Valley, Maryland, branch outside Baltimore
The deal adds to the $13 billion acquisition of the discount brokerage E-Trade as the wirehouse looks to evolve beyond its investment banking roots
